Cheap Stock Alert on Castle Brands Inc. (:ROX)

Castle Brands Inc. (:ROX) moved 0.75% from the recent close and currently pricing at $0.86. There has been some talk amongst investors regarding this name and is on many “cheap” stock watchlists. Cheap that is in terms of price, but what about value?

Most investors are likely looking for that next stock that is ready to take off running. Maybe the focus is on finding a stock that has recently taken a turn for the worse for no real apparent reason. As we all know, as quickly as a stock can drop in price, it can bounce back just as fast. Although the popular stocks that receive a high level of media coverage tend to recover quicker after a sell-off, there may be plenty of under the radar stocks that are ripe for buying. Scoping out these potential market gems may help repair a portfolio that has taken a hit for any number of reasons.

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The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, company shares have performed -1.77%. For the past month, shares are -4.00%. Over the last quarter, shares have performed 5.49%. Looking back further, Castle Brands Inc. stock has been -1.55% over the last six months, and -30.37% since the start of the calendar year. For the past full year, shares are -36.56%.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, company shares have been seen trading -5.52% away from the 200-day moving average and -1.59% off the 50-day moving average. The stock is currently trading -41.73% away from the 52-week high and separated 22.36% from the 52-week low. Castle Brands Inc.’s RSI is presently sitting at 46.19.

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New investors may sometimes be working with limited capital. Choosing which stocks to own can be a tough decision. Individuals may be deciding on whether to buy 10 shares of a stock trading at $100 as opposed to purchasing 100 shares of a stock trading at $10. We have recently been focusing on stocks that are trading under the $10 price level. We are constantly monitoring technical and fundamental factors that may lead to breakouts for these relatively cheap (in terms of price) stocks. Make sure to subscribe to our newsletter for information on the next breakout stock!

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.